Dorset estate agent group completes £20m acquisition

Dorset estate agents The Property Franchise has announced its lates acquisition.

The Bournemouth firm has acquired The Guild of Property Professionals  and  Fine & Country for a total consideration of approximately £20m.

The deal is split with £15m payable in cash on completion and £5m payable on the first anniversary of completion of the acquisition.

The Guild and Fine & Country provide services to a total of 1,036 outlets, of which 65 are overseas.

Last year the two businesses produced audited revenues of £13.2 million, audited EBITDA of £3.5 million and profit before tax of £3.3 million.

The initial consideration of approximately £15m, payable in cash, has been funded through a new facility with Barclays Bank

Gareth Samples, chief executive of TPFG, said: “The acquisition continues to deliver on our wider strategy of delivering breadth and depth to our network.

“It further enhances TPFG’s recurring revenue streams, adds the additional dimension of licensing to its platform and one significant complementary service, printed marketing materials.  I am really excited about working alongside Iain McKenzie and the team to continue the growth across the Group and providing additional benefits to our network.”

Iain McKenzie, vhief executive of the Guild and Fine & Country added: “I am genuinely delighted and excited by the opportunities created by our two businesses coming together; placing The Guild and Fine & Country under an established and growing organisation, broadening TPFG’s geographical footprint.  We have a proven track record of delivering innovation and marketing services across our network, and, as a consequence of now being part of a larger group, our customers will benefit from existing supplier partnerships, allowing us to introduce significant additional benefits.”

Having successfully completed the transformational merger with Belvoir in March 2024, the Group continues to deliver against its acquisition strategy.

The Acquisition of The Guild and Fine & Country from Nurtur.Group Limited represents an opportunity to further accelerate growth through additional recurring network income.

The deal will see TPFG’s existing network of 910 outlets, increasing the combined network to over 1,946 outlets and brings highly complementary expertise to the group.

The Guild is a well-known and longstanding brand, established some 30 years ago, which supports its network of 778 outlets with a range of services and benefits.  These include marketing, compliance, and training.

Fine & Country supports its licensees with the technologies, market insight and marketing capabilities of a global brand and operates in 193 locations across the UK and a further 65 across Europe, Africa, Asia, and Australia.

The two businesses will continue to operate under their existing brands.  The experienced management teams in each of The Guild and Fine & Country will remain in situ to continue to support their network division.

There will be no changes to the Board of TPFG following completion of the acquisition.

 

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